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Principal Diversified Income A PGBAX

Analyst rating as of
NAV / 1-Day Return
12.44  /  0.08 %
Total Assets
3.8 Bil
Adj. Expense Ratio
1.000%
Expense Ratio
1.000%
Fee Level
Average
Longest Manager Tenure
12.23 years
Category
Allocation--15% to 30% Equity
Investment Style
Mid Blend
Credit Quality / Interest Rate Sensitivity
Status
Open
TTM Yield
4.73%
Turnover
94%
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Morningstar’s Analysis

Will PGBAX outperform in future?

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People and Portfolio Changes in Principal Diversified Income; Ratings Unchanged

Associate Director

Analyst Note

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Principal Diversified Income recently announced tweaks to its team and approach. Effective the second quarter of 2022, it will shift some assets from U.S. equity into U.S. investment-grade bonds and focus primarily on fixed income. Kelly Grossman and Marc Dummer, who oversee risk analytics and global high-yield bond manager selection on this strategy, respectively, will step down from the roster and move onto newly created roles within the organization. These changes build on the team’s previous modifications to emphasize fixed income and do not influence each share’s Morningstar Analyst Rating, which range from Neutral to Negative.

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